IPG confirms increase in just energy transition funding to $9.3bn

The enlarged International Partners Group (IPG) has reaffirmed its commitment to extend concessional funding to South Africa in support of the country’s Just Energy Transition Investment Plan (JET-IP) and has also confirmed that total financing commitments have been increased to $9.3-billion from $8.5-billion. Initially comprising France, Germany, the UK, the US and the European Union, the IPG was expanded earlier this year to include Denmark and the Netherlands.